Mexican drug gangs

  • hsbc_mexico


    It’s Good To Be Too Big To Fail

    So, HSBC is going to have to cough up almost $2 billion for, in effect, running a massive money-laundering operation that helped fund such luminary do-gooders as the Iranian government and Mexican drug gangs. But the U.S. has decided not to throw the cuffs on the British bank because, well, that would be pretty hard. And could create an awful lot of collateral damage that no one needs as the country careens off the fiscal cliff.

    / Dec 11, 2012 at 5:50 PM